Peloton Interactive, Inc. posted a wider loss than expected in the fiscal fourth quarter, impacted by above-plan subscription churn and higher-than-expected costs related to a recent recall.
Revenue was $642.1 million for the three months ended June 30, in line with the midpoint of its $630 million to $650 million guidance range. Analysts’ consensus estimate had been $640 million.
The net loss was $241.8 million, or 68 cents a share, down from a loss of $1.26 billion, or $ 3.72, a year ago. Analysts’ consensus target had been 45 cents.
For full details about Peloton’s fourth quarter results, including a stock price that hits an all-time low and management commentary, go here:
EXEC: Peloton’s Stock Hits All-Time Low On Q4 Shortfall, Weak Outlook
Photo courtesy Peloton
